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xhxhsjjsjsnz commented on High property taxes are good   brooock.com/a/property-ta... · Posted by u/brockwhittaker
Retric · 3 years ago
I don’t think that’s a meaningful difference. It would take an extreme property tax to actually incentivize an empty field over productive use of that space.

It might in theory make a difference when considering replacing a 40 story building with a 42 story one, but in practice you really don’t see that kind of construction project. In that context pushing for larger jumps before replacement might actually be economically and environmentally beneficial.

xhxhsjjsjsnz · 3 years ago
It’s not just empty fields. It’s also empty buildings. A grocery store sized unit sat vacant in my San Francisco neighborhood for over a decade. Cheap property tax due to Prop 13. Owners wanted to wait for the “right offer” to develop it.

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KarmaCake day18July 20, 2022View Original